EUR/USD has been in a prolonged state of downtrend for more than 40 days now. After reversing from 1.1270, the price has dropped nearly 500 pips.
At present, we can see that EUR/USD is at the bottom of an ascending price channel as shown in my chart. If you look closely, you will notice that even in the previous two occasions, EUR/USD has reversed after hitting the lower trend line of the price channel.
So, if the area at 1.0750-1.08 region continues to hold, we can see a Bullish reversal in EUR/USD.